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Skrill Review

Skrill is a popular deposit method in India. It is accepted by all online betting, poker and casino sites catering to Indian players. Skrill has the lowest fees among e-wallets and the transactions are simple and quick. It does take some time to set up an account, but this is a one-time activity and worth the effort.

Check out our full review below for complete information on Skrill.

Skrill/Moneybookers Overview

Skrill.com began operations in 2001 under the name Moneybookers. Recently it underwent a significant makeover in which the name was changed to Skrill. Skrill is slang for money. Today over 36 million account holders trust Skrill to send and receive money worldwide in 200 countries and 40 currencies. Skrill has its headquarters in London and is authorised by the Financial Conduct Authority.

We strongly recommend Skrill to Indian players. It is an e-wallet, which once set up, is the fastest and most reliable option for funding betting sites from India. You can add low fees, trusted reputation and good customer service as additional qualities. In our opinion it scores over Neteller and Entropay, which are other e-wallets available at online betting sites with the minor but very important difference that Neteller accepts transfers in INR directly, reducing exchange costs.

Setting up an e-wallet account does take a little time, but much less than procuring a new credit card or opening a new bank account. Once the Skrill account is set up the rest is simpler than credit card or bank account operation. You can use your Skrill account for other online purchases and transfer of funds to friends and family.

How it Works

Skrill is like a bank account except that it operates only online. Players can fund their Skrill account in a number of ways. Most common are through their credit cards or debit cards and by bank transfers. The money held in your account can only be used by you. You can make deposits at online betting, purchase goods and services online and transfer funds to other people. Should you not need the funds in your Skrill account you can also withdraw them into your bank account.

Fees: Deposit, Transfer, and Withdraw

The fees at Skrill depend on the transaction being carried out and the method being used for the transaction. The fees are generally lower than other e-wallets. The Skrill web site is totally transparent and unambiguous. You enter India as the country and INR as the currency on this page and you will find all the fees in INR.

Skrill does not charge for making online purchases or transferring funds to online merchants, including betting and gambling sites. Receiving funds from merchants is also free. Hence you can conveniently rotate your money from one betting site to another, in order to take advantage of the best bonuses and odds.

Transfers to Other Accounts:

When sending money to other personal accounts, Skrill charges a fee of 1% of the amount or 662.03 INR, whichever is less. This includes transfers to other Skrill users.

Withdrawals from Skrill:

Withdrawal to primary Indian bank accounts will involve a fee of 195.30 INR. In some other countries Skrill allows withdrawals through other means: Skrill Card ATM withdrawals cost â‚¬1.80; bank withdrawals to secondary bank accounts may cost up to â‚¬3.50 and credit/debit card withdrawals cost â‚¬2.95.

There are two other important factors to bear in mind. For transactions involving currency conversion Skrill adds a fee of between 2.99% and 4.99% to the exchange rate. This highlights how useful it is for Indians to carry out transactions in INR. Additional fees will be levied if your account it idle for more than a year.

Why Use Skrill/Moneybookers?

Skill.com offers all the advantages of an e-wallet. Once the account is set up and funded, you can reliably deposit at sites that accept the Skrill deposit option.

Lowest fees for e-wallets: Unless you need to transfer funds to other Skrill account holders, Skrill has the lowest fees per transaction.

Privacy: Skrill keep your gambling transactions private. If you deposit funds at online betting sites directly from your credit cards or bank accounts, the transactions will show up on the card or bank statements. If you use these to deposit at Skrill and then transfer to online betting sites, the card or bank statements will not reveal the gambling transactions. Unlike your credit card and bank statements, your Skrill account will never be scrutinised by third parties.

Record Keeping: If you use your Skrill account only for betting sites, it can help you keep track of your bankroll. You will have all of your data in one place and can compare which sites have given you better returns.

Security: All transactions through Skrill are carried out through secure and encrypted connections. Therefore you can be sure that your payments are safe. If you are betting or gambling at many online sites, operating through Skrill will prevent your credit card or bank account details to be on the servers of each site. This adds an additional layer of security to your personal information every online player should have, there are several MUST DO steps in order to secure your funds online.

Convenience: As explained earlier, Skrill allows easy transfer of funds from one betting site to another enabling you to nail the best deals. The web site has a comprehensive Help section that covers all aspects of its operations.

Reputation: Skrill is accepted by online betting sites and players worldwide. It is regulated by the Financial Conduct Authority of the United Kingdom.

Promotions: Depositing through Skrill fetches you additional bonuses at many reputed online gambling sites. Scale also offers promotions directly, like or when you refer friends and to its VIP customers.

Indian players: The biggest advantage that it offers Indian players is alarming transactions in INR currency.

How to Set Up Skrill Account

To start the process, you have to click on the sign-up button on the home page of the web site. You should choose to open a personal account.

Choose India as the country of residence and INR as the currency. Then complete filling the personal details, making sure that the information is correct because you cannot change it later.

Finally you click the appropriate button to finish the registration process. In addition Skrill will ask you to send you documents as proof of identity and proof of address. These are to ensure that no one else is using your name to set up the account.

Verify E-mail (Mandatory): After completing the registration process you will receive an e-mail at the e-mail address you provided on the form. The e-mail will include a verification link. Click on the link to complete the e-mail verification.

Verify Physical Address: Verifying your address is not mandatory but it enables you to increase your banking limits for deposit and withdrawal. Skrill will send you a 6 digit code via post mail. Once you receive this code, log into your Skrill account, click verify address, and enter the code.

Verify Bank Account: You must provide the SWIFT code of your bank to finish the process online. All major banks in India have a SWIFT code and will provide this information.

Verify Credit Card: The advantage of using credit cards is that funds are transferred instantly. If you want to avail this facility you can verify your credit card with Skrill. Some Indian players have reported difficulties in doing this and in any event the fees are higher for credit cards.

To verify your card, select the option and fill out the appropriate details. Skrill will charge a very small random amount to your card. You need to retrieve this amount from your credit card statement and enter into the field at the web site. Your debit card will be verified the same way.

Tips on Using Skrill:

*If you have any trouble at all with Skrill, check out the Help section. It covers almost everything.

*Verify your preferred payment method as soon as possible. This will give you larger limits for deposits and withdrawals.

*Skrill charges a fee for withdrawing funds from your account. So make withdrawals only when you are sure that you will not need that part of your bankroll again for future games.

* Skrill is accepted at multiple sites and receiving funds from gambling sites and depositing at them is free. Keep rotating your money to get the best deals.

*Check out the Skrill promotions page at the web site for additional bonuses and other benefits.

*Do not keep your Skrill account idle for more than a year. Otherwise you will incur inactive account fees.